News & Insights

Claim Closed: Trend Analysis of Cyber Liability Claims from 2016

August 30, 2017

Claim Closed: Trend Analysis of Cyber Liability Claims from 2016

In partnership with our cyber risk carrier, NAS Insurance, LAMMICO presents a brief whitepaper highlighting trends and insights from over 900 cyber-related claims closed by NAS in 2016. In light of these claims, this whitepaper analysis affirms that privacy breaches, ransomware attacks, fraudulent transactions, and regulatory proceedings are legitimate threats to individual healthcare professionals and the groups or facilities for which they may work.

To download the whitepaper, please fill out this simple form and LAMMICO will send a secure email to you for authenticated access to this free whitepaper on claim trends:

Protect Yourself Today

Further evidenced by this NAS whitepaper, LAMMICO intimately knows that costly regulatory and cyber-related claims can stem from any number of unforeseen events. That’s why we present more opportunities for policyholders to proactively protect themselves from such risk. That’s the “LAMMICO Lagniappe” that can make the difference between a risk and a malpractice claim. Discover how LAMMICO can protect you:

Medefense™ Plus/Cyber Liability Insurance
LAMMICO includes basic limits of Medefense™ Plus/Cyber Liability insurance in most policies to protect healthcare professionals in the event of billing errors, HIPAA, EMTALA and Stark proceedings, cyber attacks, or other medical regulatory violations.

Through our subsidiary agency, Elatas Risk Partners, we also offer LAMMICO policyholders the option to purchase higher limits of protection. Call the Elatas Customer Relations Specialist, Carly Thames, at 225.906.2062 today to discuss affordable options for superior coverage.

Practice Solutions
Through our recently-launched Practice Solutions, LAMMICO also presents policyholders with complimentary access to NAS CyberNET®, the most advanced cyber risk management solutions inclusive of sample policies, incident response plans and other compliance and training materials.

Risk Management Consultation
Beyond clinical risk mitigation, LAMMICO’s certified risk management representatives are available for consultation with policyholders concerned about proper medical billing, network security, privacy protocols, credit card payment standards, and more. Call 504.841.5211 for LAMMICO’s Risk Management and Patient Safety Department. We may direct more technical cyber liability inquiries to highly specialized agents at NAS Insurance depending on the nature of your call.

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